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EV sales decline 20% in FY2021 to 2,36,802 units - The Hindu BusinessLine

EV sales decline 20% in FY2021 to 2,36,802 units April 22, 2021 Sales remained stagnant due to various reasons, says trade body The electric vehicle (EV) industry has sold 2,36,802 units in the fiscal year 2020-21, 20 per cent down against 2,95,683 units sold in the previous year. These include electric two-wheelers (E2W), electric three-wheelers (E3W) and electric four-wheelers (E4W), Society of Manufacturers of Electric Vehicle (SMEV) has said. “We were anticipating a good growth before the start of FY21, but sales remained stagnant due to various reasons. The sales in electric three-wheeler and two-wheeler segment stood low as compared to last year,” Sohinder Gill, Director-General, SMEV, said.

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